New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-06-13

to the Mississippi Valley, who.e -four and pork viii
find market among our. Southern neghbors. New
York and should profit by all the growth CT tho
West. 1t has large control OF the wbolessie trade
1t s great point tor the distribution OF
products. II is also the financial centre OF the
country and ought to become that of the world.
Chicago has gained on it in all these directions but
Newly still maintains easy supremacy. II 1t were
to devote itself less TO meretricous speculation, cal
culated Mt certain periods t disturb the business OF
the country, and which brings benefit to no one out
side the handful OF men who DO the manipulation,
give over that blind devotion to European systems OF
finance designed Tor the oppression OF the masses OF
the people, to be through Its banks ana oords
of trade and commerce a mere echo OF London ana
Continental opinion, give more heed to the develop
American people, IL would lead and continue TO lead
American thought and American commerce, and
through thu leadership finally lead the world
The true interests OF New-YorK not in England
or the Continent. They lie with the American
order that New-York may mountain its relative hold
in finance and commerce in this country, IL must seek
to establish closer relations of sentu ent and business
the hide-DOund and traditional ideas of the
people Of the Old World; # New:YOrt
The emergencies of leadership are not to be met py
the reproduction otsEuropean ideas, but by careful
consideration Of the condition and needs OF the people
aud of tho institutions rhose feet are not hampered
and bound by tradition, but whose very existence Is
practical protest against anti-repubican theories ana
convictions. Systems OF finance, methods vi com,
merce like governmental institutions must be adapted
to the people whom they affect. Public opinion has
get 10 De taken INTO account. few men no longer
formulate and control the financial policy which the
world Is bound TO accept. There is French phrase to
the effect that 'there is some one who knows more
than anybody and that some one Is everybody
Every bOdy-by that mean majority OF the people
said that the greenback should remain fixed part OF
the National currency and that silver should Dc
remonetized. The anybodys OF New-York finance
said disaster would be to result Instead there
has been great prosperity, Everybody represented
could nOat per cent bond at par and passed oii
to that effect The anybodys OF the banks SAID u
could not be done and got the President to veto IT,
Two years later they found out their mistake ana
came weakly to Congress saying that even zig per
cent bond would float at par, and wouldn't Congress
please give it TO them basis for banking cueuia-
ton But everybody then said: Il have changed my
mind and have concluded to pay all the bonds as
they mature and present tbs world the spectacle OF
Republic out of debit fbe same public oDin'"n
will deal with all great questions as they arise from
the point of view OF the public interest, ana not
from that OF European opinion. filtered through
the lips OF those who echo it without understanding
IT,"
@What about politicsin
1T ia too early 10 talk politics. The signs. how
ever, are good Tor Republican success; me kepuo-
lcan and Democratic parties will divide the votes
between them closely next year than heretofore
At all events those who fray oh will dhect the Demo
cratic party more then the Republican party. The
alliance between the Solid South and tho interests
which dominate New-York in ia 7or OF the Democratic
party will bring home to many thousands OF those
who have heretofore voted the Democratic ticket the
conviction that their interests no longer lie In that
direction We shall have surteit OF talk about the
business interest being satisfied with Mt Cleveland
But those who believe first in flesh and BLOOD III wen
maid labor in commercial development baeec upon
the dvershcaon of Industries and interests Will not
be found in the Democratic parts, even II II receives
commentator on account OF not having broken
the Government In two during two years oil I've
power. The Republican party will elect the next
President"